bullish
Global Health (MEDANTA IN): Record High Quarterly Revenue in Q1; New Hospital Plan Announced
Tina has highlighted this Insight as a Top Pick
445 Views18 Aug 2023 22:52
SUMMARY
- Global Health (Medanta) (MEDANTA IN) delivered robust revenue growth and profitability in Q1FY24. Revenue grew 27% YoY and 9% sequentially to INR7.9B. EBITDA margins expanded 250 bps YoY to 25.1%.
- All the key operating metrics including inpatient and outpatient volume, ARPOB, and ALOS improved. However, occupancy declined to 58.1% in Q1FY24 from 60% in Q1FY23 on increased bed capacity.
- Medanta and DLF will develop a 400 bed multi-specialty hospital in Delhi. Ongoing expansion projects are on track to increase the bed capacity to 3,500–4,000 in FY25 from 2,725.
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Tina Banerjee
Global Healthcare Analyst
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